He price of the dollar in Colombia opened this Thursday, December 19, above $4,400, by registering a strong rise after the international markets reacted downwards the previous day, surprised by the prudence of the Federal Reserve, which will drastically reduce the pace of its interest rate cuts.
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According to the Colombian Stock Exchange, The US currency is quoted at an average price of $4,397, That is, it increases 38 pesos compared to the Representative Market Rate (TRM) which is $4,359.
Its opening price, as well as its maximum price on the day, exceed $4,400. The foreign currency opened at $4,401 and reached $4,410.
(See: What should be Colombia’s roadmap with its finances for 2025?).
In the previous session, Wall Street reacted very badly to the communication from the FED that at the end of two days of meeting of its Monetary Policy Committee (FOMC) not only announced the expected cuts but also reduced expectations of market reductions for 2025 .
(Besides: During a closure on the road to Llano, the average cargo volume decreases by 48.2%).
While until now it was foreseeing four reductions in reference rates in 2025, in the end there will be only two. The market reacted and the two-year US Treasury yield rose to 4.34% from 4.24% at the close on Tuesday. In addition, stock indices plummeted.
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